State Bank Of India

State Bank of India (SBI), the country’s largest public sector lender, is planning to open 44 new branches in Odisha in the current financial year. Besides, the bank is also planning to open 125 new ATM counters in the state and 172 old ATM machines will be replaced with new ones during FY 2015-16.

The bank has posted a rise of 23.06% in its net profit at Rs 3742.02 crore for the quarter ended March 31, 2015 as compared to Rs 3040.74 crore for the same quarter in the previous year. Total income of the bank has increased by 14.54% at Rs 48616.41 crore for quarter under review as compared to Rs 42443.27 crore for the quarter ended March 31, 2014.